2/15/13
The action was painfully slow and flat yesterday as the bears have been unable to put forth any pressure on the indices. The Dow lost about 10-points, remaining below the 14,000 level, which has given the news media and us market pundits something to talk about during these dull days.
[TABLE="width: 88%, align: center"]
[TR]
[TD]
[/TD]
[TD="align: center"]Daily TSP Funds Return[TABLE="width: 151"]
[TR]
[TD]G-Fund:[/TD]
[TD="align: right"]+0.0043%[/TD]
[/TR]
[TR]
[TD]F-fund:[/TD]
[TD="align: right"]+0.17%[/TD]
[/TR]
[TR]
[TD]C-fund:[/TD]
[TD="align: right"]+0.08%[/TD]
[/TR]
[TR]
[TD]S-fund:[/TD]
[TD="align: right"]+0.25%[/TD]
[/TR]
[TR]
[TD]I-fund:[/TD]
[TD="align: right"]-0.42%[/TD]
[/TR]
[/TABLE]
[TABLE="width: 80%, align: center"]
[TR]
[TD="align: right"]More returns [/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
The S&P 500 gained a point yesterday, and if there was anything to talk about it might be that it put in a lower high and a lower low compared to Wednesday's action. Not exactly a crash, but it's been a rare event this year. So far my target of 1525, which was hit earlier this week, has held so I'll continue to talk about that for as long as I can milk it.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
And this is why I picked 1525...
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The dollar gapped up on weaker than expected GDP numbers put of Europe yesterday. This put pressure on the I-fund and the U.S. markets actually gapped open lower on the news, but managed to regain those losses and closed near the breakeven mark.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The TSP Talk Sentiment Survey tells us that we are being too bearish, and that, as we know, is a recipe for bullish action, just like we have been seeing. The bulls (41%) to bears (48%) of 0.85 to 1 is well below the level needed to keep the system on a buy signal for next week.
Per the www.TSP.gov website: "Some financial markets will be closed on Monday, February 18th in observance of the Presidents' Day holiday. The Thrift Savings Plan will also be closed. Transactions that would have been processed Monday night (February 18th) will be processed Tuesday night (February 19th), at Tuesday's closing share prices."
Thanks for reading, and have a great holiday weekend!
Tom Crowley
Posted daily at TSP Talk Market Commentary
The legal stuff: This information is for educational purposes only! This is not advice or a recommendation. We do not give investment advice. Do not act on this data. Do not buy, sell or trade the funds mentioned herein based on this information. We may trade these funds differently than discussed above. We use additional methods and strategies to determine fund positions.
The action was painfully slow and flat yesterday as the bears have been unable to put forth any pressure on the indices. The Dow lost about 10-points, remaining below the 14,000 level, which has given the news media and us market pundits something to talk about during these dull days.
[TABLE="width: 88%, align: center"]
[TR]
[TD]
[TD="align: center"]Daily TSP Funds Return[TABLE="width: 151"]
[TR]
[TD]G-Fund:[/TD]
[TD="align: right"]+0.0043%[/TD]
[/TR]
[TR]
[TD]F-fund:[/TD]
[TD="align: right"]+0.17%[/TD]
[/TR]
[TR]
[TD]C-fund:[/TD]
[TD="align: right"]+0.08%[/TD]
[/TR]
[TR]
[TD]S-fund:[/TD]
[TD="align: right"]+0.25%[/TD]
[/TR]
[TR]
[TD]I-fund:[/TD]
[TD="align: right"]-0.42%[/TD]
[/TR]
[/TABLE]
[TABLE="width: 80%, align: center"]
[TR]
[TD="align: right"]More returns [/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
The S&P 500 gained a point yesterday, and if there was anything to talk about it might be that it put in a lower high and a lower low compared to Wednesday's action. Not exactly a crash, but it's been a rare event this year. So far my target of 1525, which was hit earlier this week, has held so I'll continue to talk about that for as long as I can milk it.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
And this is why I picked 1525...
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The dollar gapped up on weaker than expected GDP numbers put of Europe yesterday. This put pressure on the I-fund and the U.S. markets actually gapped open lower on the news, but managed to regain those losses and closed near the breakeven mark.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The TSP Talk Sentiment Survey tells us that we are being too bearish, and that, as we know, is a recipe for bullish action, just like we have been seeing. The bulls (41%) to bears (48%) of 0.85 to 1 is well below the level needed to keep the system on a buy signal for next week.
Per the www.TSP.gov website: "Some financial markets will be closed on Monday, February 18th in observance of the Presidents' Day holiday. The Thrift Savings Plan will also be closed. Transactions that would have been processed Monday night (February 18th) will be processed Tuesday night (February 19th), at Tuesday's closing share prices."
Thanks for reading, and have a great holiday weekend!
Tom Crowley
Posted daily at TSP Talk Market Commentary
The legal stuff: This information is for educational purposes only! This is not advice or a recommendation. We do not give investment advice. Do not act on this data. Do not buy, sell or trade the funds mentioned herein based on this information. We may trade these funds differently than discussed above. We use additional methods and strategies to determine fund positions.
:blink: :laugh: